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0 0.00228549661936954 0.00228549661936954 -0.00438053518712511 4.28530616131137E-05 0.00276164174840484 0.000135225216646057 0.00161889343872014
Stock impact report

Madison Air Jumps After Biggest US Industrial IPO Since 1999 [Yahoo! Finance Canada]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Shares of the provider of ventilation and filtration systems closed at $31.75 on Thursday, compared to the initial public offering price of $27 each. The company sold 82.7 million shares after marketing them for $25 to $27 apiece. The trading gives the Chicago-based company a market value of about $15.5 billion based on the number of outstanding shares listed in its filings. The IPO is the biggest in the US by an industrial company since United Parcel Service Inc. raised $5.5 billion in 1999, according to data compiled by Bloomberg. The courier went public during the rise of online commerce and found favor with investors hungry for stocks linked to the internet. Madison Air is also seen as way to get exposure to the cutting edge of technology, this time the artificial intelligence boom that's powered a three-year bull market in US stocks. The company's business includes selling liquid, hybrid and air cooling products for data centers, and it's said that the construction of thos Show less Read more
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